Answer:
carrying value after 2 years = $967.64
Explanation:
the journal entry to record the purchase of the bond:
Dr Investment in bonds 1,000
Dr Premium on investment in bonds 41.60
Cr Cash 1,041.60
Assuming a straight line amortization, the yearly amortization = $41.60 / 9 years = $4.62 per year
carrying value at moment of purchase = $958.40
carrying value after 1 year = $963.02
carrying value after 2 years = $967.64
Answer and Explanation:
The computation of the outstanding checks is shown below:
For the November end
= Checks - presented in the bank
= $10,230 - $8,240
= $1,990
For the December end
= Checks - presented in the bank + presented in th bank - checks
= $10,230 - $8,240 + $11,815 - $10,655
= $3,150
We simply applied the above formula
Sourcing a supply from a small, women-owned business is an example of a corporate social responsibility action to promote workforce diversity.
What is workforce diversity?
Workforce diversity means having a workforce that comprises of people of diverse backgrounds, cultures, genders, orientations, races, perspectives and shared values.
In a bid to give a greater sense of belonging to the women folks(the same it has always be given to men folks), a firm may decide that it needs to source certain inputs or resources or materials from a small, women operated businesses, which in turn promote the corporate image, brand awareness and also functioning as a way of the firm giving back to the society or leaving positive impact on its host community.
Overall, such kind gesture would reflect on the financials of the company sooner or later by a way of increasing sales revenue and consequently, increase profitability
Find out more about corporate social responsibility on:brainly.com/question/13334545
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